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Robert W. Baird downgrades Berry Global Group Inc (BERY) stock to a Neutral

In a filing, Berry Global Group Inc revealed its Director Thomas Peter T acquired Company’s shares for reported $59500.0 on May 23 ’24. In the deal valued at $59.50 per share,1,000 shares were bought. As a result of this transaction, Thomas Peter T now holds 4,407 shares worth roughly $0.26 million.

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Then, Miles Mark W sold 1,118 shares, generating $67,404 in total proceeds. Upon selling the shares at $60.29, the Chief Financial Officer now owns 119,384 shares.

Before that, Miles Mark W sold 84,000 shares. Berry Global Group Inc shares valued at $5,038,320 were divested by the Chief Financial Officer at a price of $59.98 per share. As a result of the transaction, Miles Mark W now holds 118,954 shares, worth roughly $7.03 million.

Robert W. Baird downgraded its Berry Global Group Inc [BERY] rating to a Neutral from a an Outperform in a research note published on April 16, 2024; the price target was decreased to $65 from $68. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in late March from “a Buy” to “a Hold”. RBC Capital Mkts also remained covering BERY and has decreased its forecast on March 15, 2024 with a “Sector perform” recommendation from previously “an Outperform” rating. Wolfe Research started covering the stock on March 01, 2024. It rated BERY as “a Peer perform”.

Price Performance Review of BERY

On Friday, Berry Global Group Inc [NYSE:BERY] saw its stock fall -1.10% to $59.13. Over the last five days, the stock has lost -0.64%. Berry Global Group Inc shares have fallen nearly -12.26% since the year began. Nevertheless, the stocks have fallen -5.60% over the past one year. While a 52-week high of $69.93 was reached on 01/23/24, a 52-week low of $53.92 was recorded on 02/07/24. SMA at 50 days reached $58.90, while 200 days put it at $61.08. A total of 0.88 million shares were traded, compared to the trading of 0.79 million shares in the previous session.

Levels Of Support And Resistance For BERY Stock

The 24-hour chart illustrates a support level at 58.40, which if violated will result in even more drops to 57.68. On the upside, there is a resistance level at 59.74. A further resistance level may holdings at 60.36. The Relative Strength Index (RSI) on the 14-day chart is 47.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.03%. Stochastics %K at 45.75% indicates the stock is a holding.

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